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A large cryptocurrency transfer by Mr. Chris Larsen has been detected. According to on-chain scan data, a wallet linked to Ripple co-founder (rhREXVHV938ToGkdJQ9NCYEY4x8kSEtjna) moved over $110 million worth of XRP assets to multiple major exchanges within this month. The recipients include Coinbase, Bitstamp, Bybit, and others, with well-known on-chain analyst ZachXBT providing details.
Currently, XRP is trading around $1.49, and such large-scale asset movements by Mr. Chris Larsen are drawing significant attention from market participants. The inflow to exchanges suggests intentions of selling or securing liquidity, which could influence the future price movement of XRP.